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energy drilling policies to get at the national resources and of course, the big story that you mentioned, paul, is what's happening with right to work, it wasn't just michigan, sometimes we forget earlier indiana became a right to work state, too, so, two midwestern states that have traditionally been pretty heavily unionized moved to right to work and i wouldn't be surprised if next year we see a couple more states fall. >> interesting contrast in maryland and virginia, neighboring states. you have in virginia, a republican governor cutting taxes, cutting spending. in maryland, you have a liberal democratic governor who's raised tacks all kinds of taxes, income taxes, gas taxes sales taxes, you name it. as a result virginia has a job growth rate that is three times that of maryland. virginia has a lower unemployment rate. so you see that contrast and paul, i think in this election, it actually worked to the president's benefit in some of the swing states like o-ohio and virginia and you had the voters in the states experiencing above average growth thanks to the policies of republican g
on refills advaircopd.com. ♪ . adam: welcome back to "money". the energy information administration recently made a prediction that grabbed headlines around the world. the united states it said will become the world's top oil producer by the end of this decade, 2020 but the eia is taking serious heat for that bold call. the association for the study of peak oil and gas says the eia must revise its prediction, claiming it creates a misleading picture of u.s. energy supplies. did the eia complete completely overshoot or will it prove spot on? we have a editor of the 7s report. thanks for showing up. the eia said the united states is on track to do this but where are they getting it wrong? are they confusing u.s. energy overall with just oil or are they making some other flaw in their logic? >> hi, adam. that is exactly right. so it is feasible by the end of this decade that the united states could be the world's largest energy producer but not the world's largest oil producer and you can see that just through the numbers. saudi arabia produces about 10 million barrels per day. we produce about
and environmental friendliness. most data centers, by design, consume vast amounts of energy in an incongruously wasteful manner, interviews and documents show. >> that is right. we also point out that different plays in this industry behave differently. there is a range. we're talking about the typical data center. doing these digital tasks, everything from banks to big department stores -- the computers in these data centers typically are actually not doing anything but trying electricity, for the most part. most of the electricity -- the vast majority -- is powering a computer that is waiting for something to do. these things, once turned on -- we as consumers insist that this infrastructure always be available, and never run out of capacity. those computers are sitting there, just waiting for us to call upon them to do something. whether it is day or night, the dead of night when no one is asking for the service, or the middle of the day when everyone is, they're always on. it is a built-in way of operating in this industry. it has developed a lot of critics. >> you also write about their en
will include west virginia in the conversation about energy. do have you any idea they would even be considered because of this? would it embarrass the obama administration into including west virginia? >> my guess or my observation about the administration, they are pretty shameless. i doubt we could embarrass them into were of anything. jackson has put through rule after rule, the damage that the economy with almost no environmental benefit. they are raising energy prices, and putting people out of work. and they are doing it, without any support in continental for this -- in congress for this, that is why they deliberated in second rate. and do everything behind people's backs, and not let the public know who they are talking. to i expect we'll find, when we see the 12,000 e-mails, we'll see a lot of private chatter with environmental pressure groups. and i think you know, it could be embarrassing. tom: myron thank you for joining us. congress -- republican congressman ben harper is joining me about that e-mail situation, congressman, do have you plans for lisa jackson to come before your c
on this pig. >> look closer at the energy sector. it was the worse performer with energy stocks ending lower for the sixth straight session. the move lower comes despite a rise in more than 2% on crude oil this week. david? david: as was just said, it's not all red. there is some green on this markets, and it's focusing on retailers. barnes & noble, macy's, zales. people buying diamond rings and bracelets. >> oh, i wouldn't know, david. i'm not a realist, apparently. david: only one woman on my diamond list, but go ahead. >> a look overseas at japan, last trading day of the year, shares closing, get this, at the highest level since last year's tsunami for the year gaining 23%, the biggest percentage rise since 2005. ending on a nice positive note over there. david: wish it was good here. congressional leaders meeting with the president, what's hanging on the edge of the cliff is higher taxes on dividends. coming up, the chairman and ceo of southern company owning a bunch of power companies in the south tells us why the tax hike would be a huge blow to his industry, a blow everybody will feel
. [captioning made possible by constellation energy group] >> you are watching wbal tv 11. local and late breaking, this is a levin news tonight at 11:00 p.m. >> not even 48 hours into winter. this is video from earlier today. some areas of western maryland are reporting up to a foot of snow on the ground. here with more it is our meteorologist. >> they got pounded in western maryland. we had a windy day to day. gusts over 40 miles an hour. the good news is they are starting to die down that they will still remain strong into the evening. i want to show you right now, sustained winds of 13 miles an hour. the strongest part is in western maryland, 21 miles an hour and 16 in oakland. we will see wind from 10-20 miles an hour. we are not out of the woods yet. but things should die down by tomorrow. talking about a couple of flurries for christmas. see what happens. >> and we have team coverage of the winter weather. our reporter is downtown where crews have been preparing for potential problems all day long. >> very busy. 1500 customers are with the past -- power. the number is low consideri
>> and new at ten. coal is set to become the world's number one energy source by 2017. environmentalists, as you can imagine, are not the happy and as more and more countries use coal in just five years, china will be the number one consumer of the so-called dirty energy, we'll talk about that with an environmentalist, also, we also have our eyes on washington, of course, lawmakers are on vacation, but there still is no deal on taxes. nearly every american is going to have to pay more in just eight days if congress can't reach some kind of an agreement. checking the big board right now, the dow jones industrial average is down about 41 points. again, we've got a half day of trading and we close today at 1 p.m., so that traders can go out on christmas break. light volume, but there are significant movers that we'll talk about in just a second. in particular, apple and jb penpejb-- j.c. penney. we have shibani joshi and adam shapiro as well and first to nicole, j.c. penney, a lot of people worried about retail sales, think it's going to hit companies like j.c. penney har
a european energy law, saying it causes confusion and undermined trust. russia is the biggest exporter of energy to europe. >> putin was speaking in brussels, where he has been holding talks with eu leaders. his first visit after he was reelected. although russia and the you are close trading partners, there are various contentious issues which divide them. >> vladimir putin did not waste any time on arrival -- just a quick way that the cameras. outside, protesters clashed with police. the women's rights activists were not mincing words, telling the president to go to help -- go to hell. inside, the eu message to russia was also clear. >> we will discuss commitments to guarantee our citizens democratic rights. >> the biggest disagreement is over energy issues. the eu has been critical of new gas pipelines from russia. the south stream pipeline is meant to carry russian gas through bulgaria to austria and italy, but the u.s. and russia are arguing over the rules to be applied to the new pipeline. >> it is true that some difference remained regarding some aspects of energy relations betw
about wind energy that needs to be sunsetted, soon. you bring up the side of the cliff that no one talks about. the sequester, the automatic spending reduction, i don't think it would be a bad thing if washington took the sequester and showed that they could cut spending. >> because we have a never budget balancing act going on with the journalist pointed out the secret gang of six meetings, that's budgeting by, secret gang of 12 meetings. and-- >> quickly that's what we use today call blue smoke and mirrors in washington and that's why people are upset at washington. don't trust them. david: good to see you. well, the numbers are in and you were not shopping as much as last year, apparently. holiday retail sales were basically unchanged from last year and sandy, of course, and the connecticut shooting got some blame, but what about no jobs and no money? coming up, the opening bell, futures are up. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct s
and that runner should start to sprint soon as america begins to reap the rewards of its domestic energy boom. we're extracting record amounts of oil and gas from shale through fracking and other technologies. pushing prices for natural gas which is used in part to generate electricity down. that helps utilities and heavy industry compete. creating more jobs for americans, all of these things put together are sending my runner, the u.s. economy, dashing ever faster down that road toward an economic renaissance. one that offers real prosperity. real jobs for years to come. but running fast on this road requires something else -- an investment in infrastructure. and that's a subject of discussion i really had with harvard professor ken rogoff, "wall street journal" editorial righter. and i started off by asking how can you convince lawmakers that infrastructure money is well spent and how can you insure that the money is in fact well spent? >> i think you have to have firm regulatory oversight. it's not something you can just spend the money and walk away from. but there are the electricity grid, w
energy problems how would you rate it? >> it is not a solution and it is wholly dependent on electric utilities and electric generation that can be dispatched. we can't count on wind. when demand is highest wind output is generally at its lowest. that's a big problem. gerri: irony, these anti-wind groups are growing in number. take a look at this. in the u.s. there are 100 groups. u.k., 200. europe, 500. what is going on? >> this is part of a growing global backlash against the wind industry. this is very successful rtraying itself as green. we produce green energy, green lech i very, reduce co2 emissions. when you look at countries around the world, australia, new zealand, huge backlash in ontio, we're seeing backlash against the large wind projects going in all over the place. gerri: talk about new york. you have an interesting example there. >> just last month lawyers here in new york filed lawsuits, 60 residents in herkimer county just north of albany, they filed a lawsuit saying these project, wind turbines, built within 1000 feet or so of residences are emitting all the noise, k
place or another. it is not a book about energy -- technology. -- policy. there was a moment with the sopa debate where i was confused about while -- why they were not up in arms about it. it is so crazy we could not do it. if it would happen, we could not execute it. it seems to me that airline pilots are suddenly asked why the plane is upside down. i do have a bit of stockholm syndrome with the captors. i see the internet through their eyes. i have not yet emerged myself in the opposite view in the policy discussion. >> in the construct of the internet, we are hearing a lot about the cloud. how does that fit in? >> the cloud is all of it. the cloud is a marketing term for the way in which the internet as a whole can offer business services. with that means more specifically perhaps is a large datacenter and data warehouse. perhaps not in ashford, virginia, but the next town over. they have to tether in and connect directly as possible to the distribution depot, you might say, of ashford, virginia . ashford is the place where bandwidth is the most abundant and cheapest. when
of the s&p sectors moved lower on the selloff, energy fell by more than 1% and so did financials and telecom services that sector was weighed down by big losses in blackberry maker research in motion. more on that in a moment. today's selling came despite some encouraging economic reports. durable goods orders rose 0.7% in november, a slight decline had been expected. personal spending also picked up in november, rising 0.4% of a percent as consumers shrugged off worries about the fiscal cliff and went shopping. as investors sold stocks, they bought up safe-havens like treasuries and gold. that pushed down the yield on the ten-year treasury to 1.77% yields move in the opposite direction of treasury prices. meanwhile, gold was shining up over $14 to $1,660 an ounce. there were some deals getting done today. first up, general electric. it's buying the aeronautics unit of italian engine maker avio. the price tag: $4 billion. g.e. shares fell slightly on the deal, down 17-cents to $20.88. also today, a deal in the casino space: pinnacle entertainment is buying ameri-star casinos for
but need more capital to get to the next level. exploration and production companies and energy that have done well and need capital. you can raise it or you can join forces with somebody else. very often the decision is to merge and not raise capital and take that risk. >> susie: and in tech what should they look for. tech is such a huge area we have a few seconds left what are your thoughts? >> look at the base companiesan. the kind of service that's county of victoria to their -- o their base line services. >> thanks bob, have a greatweek. bob pr profusek. >> susie: the price of gold fell slightly today, as the fiscal cliff drama in washington continues to weigh on markets and confidence. gold slipped almost $8 to $1,655. for the year, gold is up about 5%, half the gain in the s&p 500. but as erika miller reports, some gold bugs believe next year will be far better for the precious metal. >> reporter: if you got gold jewelry as a holiday gift, it may be more than something beautiful to wear. it may also prove to be a shining investment. some gold traders think the yellow metal could hi
you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. >>> it's time for "sara breaks out of the city." and this holiday season she went to a christmas town in the mountains. >> the town of leavenworth, washington is one of the most festive places in the whole country. >> it sure is. and with its popular christmas lights and famous bavarian community visiting is like walking into a snow globe. ♪ >> every morning in leavenworth, washington the day starts with the sound of an alp horn. >> what is the symbolism of this horn? >> mostly traditionally folks understand this as being a communication piece from one mountainside to another mountainside. ♪ ricola >> the german influence is everyw
, a netherlands based company, no in the medical business but in the energy business. explain why you like this multinational. >> yes, tom, sound like it belongs in the medical business, but actually no it's really a science business. core labs, about a $5 billion company and they specialize in helping oil companies find more oil and more gas that benefits all around the world. so they have scientists who actually take samples of rock and water, analyze that and try to help oil companies find more oil that may be hidden or tucked away so we can abscess more oil, which is good for all of us. >> tom: we're talking about an energy boon in the united states, energy prices, that's helped keep a cap on energy prices here. what kind of holding time frame do you anticipate to make some money? >> as we've seen this year, one reason why core labs is attractive from a valuation perfect suspective we've seen the stock soften this year as some of the rig counts have softened as well because of the i prices of natural gas have really fallen. and i do think this will reverse sometime over the next few ye
a move to the downside. including intel, texas instruments and farm holdings. david: the whole energy sector, names like chevron, marathon, all posting losses today. lori: retailers themselves were not all in on the holiday spirit on this christmas eve trading day. back in eagle, staples among the biggest losers in the sector. david: those idiots inside the beltway cannot seem to get it figured out. don't expect one anytime soon. lawmakers are gone for the holiday, so does the white house even want a deal by the new year, or automatic tax hikes what they want in order to balance their spending? more on that coming up, does the president really wants to go over the fiscal cliff? lori: cannot wait to hear where we stand, the latest negotiation or any at all on the cliff. spending specifically on toys. there is not a runaway must-have toy this year, but there are some hits and a few misses as well. what will be under the trees or what will be stuck on the retail shelves. david: but first, we will tell you what drove the market today with today's "data download." continued gridlock in the
topping the energy stocks, pulling back today. shibani: we have been talking about what is going on the holiday shopping, retailers mostly in the red but there was one name bucking the trend, jcpenney. talking a lot this week about. nicole: they have been getting back into promotions and discounts. now it is working. david: they are cheering on wall street. member earlier today, the dow was trading down. looks like down about 22 per share. let's look at all the various indices. not a good way to start training for the holidays. there we go, we are all in the red. the biggest hit is the nasdaq, the tech heavy nasdaq down all day. even when the dow was up, the nasdaq down, tech stocks taking a beating today. shibani: weak sales sending retailers and they read it today. so the high-end names among the worst performers. coach, michael kors, not holding up in today's market. david: even the homebuilders could not get a bounce. could it possibly be some profit taking? up tremendously the past three to six months so perhaps that is what is going on. some prices are looking down a bit af
be across the board for everybody and, in the energy area, if take really come down hard on fracking which has been a very important asset for our country. >> all right, sorry we have to leave it there. an interesting conversation. thank you very much wane. best wishes for the new your. wayne kaufman of john thomas financial. thanks a lot >> susie: the fiscal cliff isn't the only drama playing out for the u.s. economy: there's also the "container cliff". 14 ports along the u.s. east and gulf coasts are at risk of closing if longshoremen and the international maritime alliance cannot reach a deal by saturday. federal mediators have been called in to help with last minute negotiations. at the heart of the dispute: container royalties. those fees charged to shippers were implemented in the 1960s to help dock workers displaced by technology. the maritime alliance wants the royalties capped. earlier this month a port strike in southern california, cost an estimated $1 billion a day. netflix is blaming problems at its web service provider, amazon for a server outage that took down its streaming
he's in stable condition but needs to build up his energy. >>> south africans are sending warm wishes to former president nelson mandela. he's been in the hospital for more than two weeks with a lung infection. he also has gall stone surgery as well. he's said to be in no imminent danger. he's 94 years old. >>> and margaret thatcher is recuperating in the hospital. she underwent some surgery last week. she's 87 years old and has faced a number of health challenges the past decade. we wish all of those leaders well. as they try to recuperate and get back on their feet. >> a speedy recovery. >>> still ahead this morning, if you didn't know, it's national eggnog day. rob is happy. of course appropriate for christmas eve. >>> and for the procrastinators among us, a last-second trip to the mall. it might be worth your while. >>> and then the withering criticism being aimed at the nra. the heated debate over guns is ahead. >>> welcome back. well, so far, it's been a quiet holiday season at the malls. analysts say shoppers are worried about the budget stalemate in washington or they're delay
at the enterprise institute and i work on primarily energy and environmental policy issues. i'm a scientist as well as alex and my doctoral degree is environmental science and engineering. so i am really excited to have this event today on science called "science left behind," alex's great book, and before we start, if i seem a little fuzzy you've seen the commercial that goes something like this when you pay too much for cable you through things and if you throw things people think you have anger issues some people think you have anger issues in your schedule up and you grow a scraggly beard and you start taking in stray animals and you can't stop taking in stray animals don't pay much for cable. i have my own version today to the appeal to the kafeel you have a checkup and when he gives you a check that you have a flu shot at a tetanus booster. when you have the booster do we get the next a feeling like you've been beaten by a guerrilla with a baseball bat. and you feel you've been beaten by a gorilla with a baseball bat to wander into the street and get hit by a truck. don't get a checkup when y
to do...and you've hit the wall. but you gotta get stuff done. so take 5-hour® energy. just open it up, knock it back and roll up your sleeves. 5-hour energy® is faster and easier than coffee... man, does it work! you'll get that alert, energized feeling you need to get stuff done... a lot of stuff. wow! look at you go. 5-hour energy®...when you gotta get stuff done. come pre-filled with problems. enough is enough. introducing the chase liquid reloadable card. with chase liquid, there's no waiting and no fee to activate you can load cash and checks at any chase depositfriendly atm and there are no withdrawal fees at over 17,500 chase atms all for one flat fee of $4.95 per month. get rid of prepaid problems. get chase liquid. >>> a holiday tradition of giving continues today in san francisco. outside the st. anthony's foundation a tent was set up for donations. this is the 24th stimulate year for the event, people that want to give back and help those in need. >> with my school and i have bunch of donated clothes that i brought over. >> there are lot of people need for clothes. >> st.
you there are lots of things to be discovered. i was working in the world of energy and there i think we have taken enormous steps in the direction of a modern sustainable green economy, what we call now distributed generations of people producing and consuming energy. this is happening at an incredible pace in california and i know california like this is and we want to connect with california. some of the events will require the supports of the leaders that are here present, the leaders of the italian american associations. i am very proud to say that all of the leaders of the italian american associations are gathered today, mr. mayor, and senator assembly man and board of supervisors is here to celebrate with us and ramona blackwell who with the committee of the italians abroad and elected body and we will need your support and it's not just top down but bottom up. we're are open to your ideas and suggestions. we want it to a great celebration and people are in charge and in power and they will also run the show. that's our objective. by the way also have guests from outsi
of a glorious past. and some parts of the city bustle with holiday energy. but not far away: closed-up storefronts. and, further below the surface, this: a health clinic set up by the greek branch of the international aid group, doctors of the world to serve the country's newly poor. dr. nikitis kanakis is its director. >> brown: kanakis group, in fact, had to cut back some of its work in africa because of the needs at home. here in perama, unemployment tops 50% as the shrinking economy has crippled much of the local shipping industry. at the same time, the deeply indebted greek government has made dramatic budget cuts, including to health benefits. the combination has left many here without access to private or public care. and that's meant a stunning rise in disease and mortality rates. >> brown: economists, of course, speak of a different kind of necessary medicine: the kind a deeply indebted nation must take. the price for living and consuming well beyond its means for far too long. >> the medicine is necessary. it was, though, delivered very abruptly. >> brown: as a government
by constellation energy group] >> the painful tobias continue in connecticut. a local family held a funeral service for their little girl. josephine was born in maryland. killed inside sandy hook elementary school. the family says she will be remembered for her wonderful sense of humor and love of the baltimore ravens. mourners were asked to wear purple in her honor. josephine had been diagnosed with autism. you can donate to the address on your screen. be sure to specify your contribution is in memory of josephine gay. donations have poured in from all over the globe after the school shooting. united way has collected more than $2.5 million for the official memorial fund. private fund-raisers have collected hundreds of thousands of dollars more to help pay for memorial services. the town has seen a steady scene extreme of toys and food donations. united way is asking people to stop sending toys and instead do charitable work or make a monetary donations. lowell melser is here on this windy day. >> the strongest wind gust was in frederick county, 51 miles an hour. 44 miles an hour at bwi. it has be
care mandate and they are anotheringing a court order. thre plus it was supposed to be a green energy boom for one state that turned into a state bust now they want a refund. gas prices new national average is 3.28. that is up $0.02 from yesterday. >> good morning to you. it is quarter past the hour. here's a look at what you missed while you were sleeping. escalating violence is forcing the u.s. to close test embassy in the central african republic. the state department ordering our ambassador and his team to flee the country as rebels advance there. u.s. citizens are being evacuated. the car company if is car mfisky own millions of dollars. the plans to open a factory is very much in doubt. if is kerr g fisker would have to pay the money if it doesn't follow through. they got a $529 million loan from the department of energy and that is paid by you. >>> 2012 was a nail biter from a bruising economy to a high spirited presidential campaign. we take a look at a year that was. >> 2012 was a make or break year for political careers speegsly in the campaign for the white house. president
to get to the next level. exploration and production companies and energy that have done well and need capital. you can raise it or you can join forces with somebody else. very often the decision is to merge and not raise capital and take that risk. >> susie: and in tech what should they look for. tech is such a huge area we have a few seconds left what are your thoughts? >> look at the base companiesand the peripherals they need. the kind of service that's county of victoria to their -- connect to their base line services. >> thanks bob have a greatweekend. bob pro profusek. >> susie: the price of gold fell slightly today, as the fiscal cliff drama in washington continues to weigh on markets and confidence. gold slipped almost $8 to $1,655. for the year, gold is up about 5% half the gain in the s&p 500. but as erika miller reports some gold bugs believe next year will be far better for the precious metal. >> reporter: if you got gold jewelry as a holiday gift, it may be more than something beautiful to wear. it may also prove to be a shining investment. some gold traders think the yel
album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. we don't let frequent heartburn come between us and what we love. so if you're one of them people whgets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur gerri: big tax hikes set to take effect on january 1. what is the most important one to worry about? we will tell you after the break. stay with us gerri: you make it, they take it. 23.8% is the raise that policymakers will see on capital gains. chris edwards joins me now. he is director for tax policy studies at the cato institute. i would like to show people what we're talking about. he gets confusing for people. we have a current tax rate, 15%. on january 1, the capital gains tax rate will jump to 23.8%. i talked to a lot of my friends and they say that's not a big dumb. what you say? >> it is a big jump. if you add state taxes on top of that, the united states will be up to 20%.
? >> harris: a lot of energy spent on all this going back and forth. in fact, leading republicans suggesting a great deal of time has been wasted on politics. >> that is precisely right. they note that the house republicans tried to address the issues this summer and voted to extend all of the bush tax cuts and voted on an alternative to the automatic spending cuts that are due to kick in in the new you year and today the top senate republican said why wasn't this addressed months ago? >> we wanted an agreement. but we had no takers. the phone never rang. and so now here we are five days from the new year and we might finally start talking. >> so clearly a lot of blame game back and forth between republican and democrats but perhaps most importantly a white house meeting tomorrow with all of the key players face to face with the president. harris? >> they are talking. now, if we could just get them to talk to each other. the president and senate already returned and now we know house lawmakers due you to come back on sunday. >> there was a quarterback between the house gop leadership and ran
've ever heard in my life. neil: i am going to hold you down to a maybe on green energy. [laughter] you have been a bipartisan on capitol hill. wasting time as we pile $4 billion of debt every day. they are waiting for november for some closure. when you think happens when? >> the most dangerous thing in the world is a lame-duck session. they cram every bill with junk. so if you don't have the money, don't spend it. we have to retreat and backup away from this and try to get our priorities in line. if this was a business, we would fire the president can fire the ceo because he doesn't know how to generate a profit or engage people to solve problems. neil: is that the president order is keep bashing capitalism? do they go to bar the other way? >> i think that is ridiculous. nobody sys i can't wait to go into work until today. neil: what should we do to get them hiring, give them expanding? >> serious leadership of the country that says that this is a free enterprise system, let's let the free enterprise work. >> i would take a good hard look at the whole country. my taxes went up 39% and
Search Results 0 to 49 of about 376 (some duplicates have been removed)

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